Forsyth County commissioners divided on cost of library
FORSYTH COUNTY, N.C. — The time has come for Forsyth County commissioners to decide whether to stick to a $28 million budget for the renovation of Central Library or add $2.77 million to the cost to enhance the project, according to the Winston-Salem Journal.
The commissioners did not reach a consensus when they discussed a budget amendment Thursday, but they are scheduled to vote this week. Project leaders have been working to trim the cost of the renovation-and-rebuild design to the original $28 million figure.
The county has $2.77 million from a bond premium that it could add to provide more features in the library. The county got the premium when it sold $34 million in library bonds last year. In 2010, voters approved $40 million in bonds for upgrades to the Central Library and two branch libraries.
Administrators had planned to use the bond premium and other county dollars to avoid issuing the last $6 million in bonds, a strategy designed to limit debt. That option would disappear if the commissioners use the premium to increase the budget of the Central Library project, but administrators wanted the commissioners to know that money was available.
Read full story: The Winston-Salem Journal